Cosmopolitan International Holdings Limited (HK:0120) has released an update.
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Cosmopolitan International Holdings Limited has entered into a Second Supplemental Agreement with its subsidiaries to amend the 2021 Facilities Agreement, which includes changes to the interest rate and an extension of the maturity date to October 12, 2027. The revised terms now feature an interest rate of 1-month HIBOR plus 1.95% and a reduced loan facility amount. The transactions constitute major connected transactions for Regal and connected transactions for Cosmopolitan, requiring announcements, circulars, and independent shareholder approvals under the Listing Rules.
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